Sales of Gas Spring Market To Record Exponential Growth During   2022 - 2032 : Fact.MR

As per industry analysis by Fact.MR - a market research and competitive intelligence provider, the global gas spring market is poised to expand at a substantial CAGR of a little over 10% during the forecast period of 2021-2031.

Historically, the market has witnessed a growth rate of 4.5% over the past 5 years, owing to mounting demand from sectors such as automotive, industrial machinery, and furniture on the back of exponentially rising population, urbanization, and consumer household spending across the globe. Moreover, demand for gas springs is reaching new potential with the rising healthcare facilities and isolation centres across the globe.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=S&rep_id=1318

One size doesn't fits all has enabled manufacturers to follow innovative manufacturing techniques to create tailored gas springs that can be combined in a multitude of ways to create a cost-effective product that is customer-centric. Customization has been the essence for market growth owing to diversified applications.

Emergency casualty trolleys, hospital beds, hospital furniture passenger seats. assistive lifting devices, support for LED displays, application in automobiles, equipment for medical use, applications in the aerospace industry, diffusers for oil, tailgates of pickup trucks, cabinets and furniture, are the various applications served by gas springs.

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱
• 𝗣𝗿𝗼𝗱𝘂𝗰𝘁
Gas Springs
Lockable Gas Springs
Standard Gas Springs
Dampers
Hydraulic Gas Spring Dampers
Friction Gas Spring Dampers
• 𝗠𝗮𝘅𝗶𝗺𝘂𝗺 𝗙𝗼𝗿𝗰𝗲
Below 250 N Gas Springs
251 - 500 N Gas Springs
501 - 750 N Gas Springs
751 - 1000 N Gas Springs
Above 1000 N Gas Springs
• 𝗠𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗢𝗿𝗶𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻
Horizontal Gas Springs
Vertical Gas Springs
Vertical Rod Up Gas Springs
Vertical Rod Down Gas Springs
Custom Orientation
• 𝗠𝗮𝘅𝗶𝗺𝘂𝗺 𝗦𝘁𝗿𝗼𝗸𝗲 𝗟𝗲𝗻𝗴𝘁𝗵
450 mm Gas Springs
• 𝗦𝗮𝗹𝗲𝘀 𝗖𝗵𝗮𝗻𝗻𝗲𝗹
OEM Sales of Gas Springs
Aftermarket Sales of Gas Springs
• 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻
Gas Springs for Automotive
Gas Springs for Aerospace, Marine & Rail
Gas Springs for Home and Office Equipment
Gas Springs for Industrial Machinery & Automation
Gas Springs for Healthcare
Others

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 - https://www.factmr.com/connectus/sample?flag=RC&rep_id=1318

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆
• The global market for gas springs is anticipated to add 2.6X value by 2031.
Demand for gas springs in healthcare is expected to expand at a substantial CAGR of 11.6% over the forecast period.
• North America is the supreme market with a value of more than US$ 860 Mn in 2020, and is projected to expand at a substantial CAGR of approx. 9.7% over the next ten years.
• The aftermarket segment for gas springs is projected to exhibit a high growth rate of around 10.5% CAGR, while OEMs, under sales channel, of are projected to add 2.6X value by 2031.
• The market in South Asia is set to surge at 11% CAGR, and is set to be valued at over US$ 800 Mn in 2031, owing to increasing population & urbanization and increased volume of industrial machinery and automation.
• By maximum force, 750-1000 N gas springs are poised to provide higher opportunity for manufacturers by virtue of increasing use in healthcare and furniture, and development of electric vehicles with advanced automated systems. The 750-1000 N segment is poised to progress at a CAGR of 10.5% over the next ten years.

𝗜𝗻𝗼𝗿𝗴𝗮𝗻𝗶𝗰 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝗮𝗻𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗯𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

Prominent players in the market such as Stabilus GmbH, Beijer Alma, Barnes Group, and Suspa GmbH have created a synergy in the demand and supply equation with end-use industries. This collaborative network has streamlined the supply chain of gas springs, set by relative demand from healthcare, furniture, and aerospace industries, and replacement of mechanical springs with advanced gas spring systems.

Key players consider innovation and product customization to be their core competency. Market leaders Stalibus GmBH, Suspa, and Barnes Group have been at the forefront of developing gas spring systems integrated with dampers to cater to specific demand from end-use industries.

𝗙𝗼𝗿 𝗶𝗻-𝗱𝗲𝗽𝘁𝗵 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗡𝗼𝘄 - https://www.factmr.com/checkout/1318

Mergers and acquisitions have become the backbone for market growth as front runners have acquired local players to enjoy market dominance. For instance, Stabilus GmbH has ACE Controls, CLEVERS, Piston Gas Spring, and HAHN Gasfedern GmbH under its roof; while Beijer Alma acquired Lesjofors and Metrol Springs.

In 2018, Industrial Gas Springs Group Holdings Limited, a recognised designer, maker, and supplier of customised gas springs, was acquired by Barnes Group Inc., a multinational distributor of highly engineered goods and differentiated industrial technologies. The group has already acquired market leaders such as Kaller, AS Raymond, and Hyson, under its umbrella, thereby capturing a dominant market share.

𝗙𝗼𝗿 𝗠𝗼𝗿𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁- https://www.globenewswire.com/news-release/2022/11/01/2545310/0/en/Farm-Tractors-Market-Is-Projected-To-Reach-a-Valuation-of-US-120-Bn-by-2032-Owing-To-Strong-Need-for-Farm-Mechanization-Fact-MR.html

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